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🚨 Trader’s Eye on PROVE/USDT (4H Chart) 🚨
Right now, PROVE/USDT is moving inside a clear descending channel, with price bouncing between the upper zone and lower zone. This structure often signals that the market is consolidating and preparing for a decisive move.
📉 After touching the upper resistance, the price has been trending downwards, slowly squeezing toward the bottom edge of the channel. The lower zone is acting as a key support area, where we might witness either:
1️⃣ A Pump – a strong breakout above the channel, leading to bullish momentum and a possible test back toward higher resistance levels.
2️⃣ A Dump – a failure to hold support, breaking downward and testing fresh lows.
⚡ Currently, price is hovering near $0.8960, which is an interesting decision zone. Smart traders will keep an eye on volume spikes and candlestick confirmations here, as these will hint at the next big move.
💡 Trader’s Tip: In situations like this, it’s better not to chase the market blindly. Wait for a confirmed breakout with volume support before entering. Remember: patience = profit.
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Which way do you think PROVE will move next – Pump 🚀 or Dump 📉? Comment below ⬇️
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Best of luck 🤞 🍀 🤞
